DaVita Earnings: Here’s Why Shares are Down Now

DaVita, Inc. (NYSE:DVA) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.89%.

DaVita, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 23.49% to $1.84 in the quarter versus EPS of $1.49 in the year-earlier quarter.

Revenue: Rose 48.81% to $2.87 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: DaVita, Inc. reported adjusted EPS income of $1.84 per share. By that measure, the company missed the mean analyst estimate of $1.84. It missed the average revenue estimate of $2.88 billion.

Key Stats (on next page)…

Revenue increased 1.49% from $2.83 billion in the previous quarter. EPS increased 0% from $1.84 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.91 to a profit $1.92. For the current year, the average estimate has moved up from a profit of $7.48 to a profit of $7.52 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)